NEW YORK (AP) — New York prosecutors say the
multibillion-dollar fraud carried out by Wall Street swindler Bernard
Madoff (MAY’-dawf) began as far back as the early 1970s.
The
revelation comes in a rewritten indictment boosting charges against four
long-time employees of the investment firm Madoff ran from his
Manhattan offices.
A November 2010 indictment alleged a conspiracy to defraud Madoff’s clients began in 1992.
The
newly written indictment was revealed Monday. It adds new charges of
bank fraud and new tax offenses to several people who worked with
Madoff.
Authorities say thousands of investors lost roughly $20
billion in the fraud as Madoff failed to put their money into markets.
Madoff pleaded guilty to fraud charges and is serving a 150-year prison
sentence in Butner, N.C.
Copyright 2012 The Associated Press.
NEW YORK (AP) — New York prosecutors say the
multibillion-dollar fraud carried out by Wall Street swindler Bernard
Madoff (MAY’-dawf) began as far back as the early 1970s.
The
revelation comes in a rewritten indictment boosting charges against four
long-time employees of the investment firm Madoff ran from his
Manhattan offices.
A November 2010 indictment alleged a conspiracy to defraud Madoff’s clients began in 1992.
The
newly written indictment was revealed Monday. It adds new charges of
bank fraud and new tax offenses to several people who worked with
Madoff.
Authorities say thousands of investors lost roughly $20
billion in the fraud as Madoff failed to put their money into markets.
Madoff pleaded guilty to fraud charges and is serving a 150-year prison
sentence in Butner, N.C.
Copyright 2012 The Associated Press.